The Bike Shoppe Has Total Assets of $536,712 and an Equity

question 45

Multiple Choice

The Bike Shoppe has total assets of $536,712 and an equity multiplier of 1.36.What is the debt-equity ratio?

• A).68
• B).24
• C)1.24
• D)..36
• E).1.36

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Definitions:

Differentiation Strategy

A business strategy where a company seeks to distinguish its products or services from competitors through unique features and attributes.

Strategic Objective

A long-term goal that an organization seeks to achieve, which is designed to guide its direction and help it secure a competitive advantage.

Failures of Process

Situations where planned processes do not achieve their goals, leading to inefficiency, loss, or other negative outcomes.

Lack of Participation

The situation where members of a group or community do not engage or contribute to activities or discussions.